Global Trust Asset Management LLC Grows Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Global Trust Asset Management LLC raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 334.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,170 shares of the transportation company’s stock after buying an additional 1,670 shares during the period. Global Trust Asset Management LLC’s holdings in United Airlines were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in United Airlines by 16,098.1% during the second quarter. Federated Hermes Inc. now owns 8,585 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 8,532 shares in the last quarter. Sei Investments Co. increased its position in shares of United Airlines by 1.7% during the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock valued at $7,135,000 after purchasing an additional 2,471 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of United Airlines by 99.1% during the 2nd quarter. ProShare Advisors LLC now owns 151,802 shares of the transportation company’s stock valued at $7,387,000 after buying an additional 75,541 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in United Airlines by 148.2% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,881 shares of the transportation company’s stock worth $286,000 after buying an additional 3,512 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in United Airlines in the 2nd quarter worth approximately $9,026,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $110.52 on Wednesday. The business has a 50 day moving average of $98.51 and a 200 day moving average of $70.24. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $110.92. The company has a market cap of $36.35 billion, a PE ratio of 13.33, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 EPS. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 10.34 earnings per share for the current year.

United Airlines announced that its Board of Directors has approved a share repurchase program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

UAL has been the topic of several research reports. Bank of America lifted their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Raymond James raised their price objective on United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Finally, Susquehanna boosted their target price on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and an average price target of $106.45.

Insiders Place Their Bets

In related news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

United Airlines Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.